Stock & Crypto Thread

[JBB2]

On closer look it was a cup and handle repeating to fade-out. Easy to see now

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[kevin]

Shapes on a stock chart is the male version of astrology.

[JBB2]

Shapes on a stock chart is the male version of astrology.

Predicting the future is “sofa king” tough. That’s why they exist in hindsight.

[JBB2]

People want to know the future, especially when money is involved.

Some just guess. Others read signs.

Football statistics are used to predict games.

Investors and traders use common knowledge: buy low, sell high

They use nursery rhymes; buy the rumor, sell the news

They use charts

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Charts are formed by plotting price points or, more effectively , with trading candles describing human trading behavior over an interval of time. The battle between fear and greed

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As the trading day moves along the charts are created and familiar trading patterns are revealed

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[JBB2]

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[JBB2]

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This is just a start. Pictures from the books. You can go deep into the rabbit hole. As alluded to by Kevin, It might just be easier to guess, or better yet, don’t trade for today. Invest.for tomorrow.

[JBB2]

At the open

What to expect today

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Looking again I see a double bottom created overnight, adding to the bearish sentiment. Will it play out to favor the shorts? We will see.

[JBB2]

It petered out to nothing. Now trading sideways. I needed 137 to make my trade today. Doubtful now. Time to wash car and go to dentist.

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